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United Kingdom company voluntary arrangementlandlord tenantunfair prejudice

Re New Look Retailers Limited

[2021] EWHC 1209 (Ch)
JurisdictionUnited Kingdom
CourtHigh Court of Justice, Chancery Division (Insolvency and Companies List)
Year2021
StatusPersuasive authority

Key Principle

A retail company voluntary arrangement that imposes differential treatment on landlords (such as turnover-based rents) and modifies their leasehold rights is not, for that reason alone, unfairly prejudicial or outside the CVA jurisdiction; differential treatment and the use of unimpaired creditors' votes do not per se amount to unfair prejudice.

Area of Law

General

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